the short answer is that the statement is wrong. bitcoin will cease to exist without the internet.
the long answer is that it depends on what you mean by "an attack on the Internet infrastructure".
if it is just one nation restricting its people, cutting them from the internet,... then it will be different, people can still find alternative ways to connect to the bitcoin network (one of which is using satellites) and sync successfully.
but if it is global for whatever crazy reason, then bitcoin can not exist because it works right now because everyone can connect to anyone they want from anywhere in the world and also everyone can get in sync with the current state (new blocks and mempool) within seconds all thanks to the internet. alternative ways means you are connecting to a centralized place (such as the satellite) and you rely on that to be honest not to mention that it can have a lot of delays. so unless the day that every average Joe could launch his own satellite in orbit, bitcoin can't rely on such methods.
Topic: "Who Needs the Internet Anyway: Taking Bitcoin Transactions Offline*" - page 2. (Read 354 times)
December 29, 2019, 10:43:21 PM
December 29, 2019, 10:30:38 PM
While I agree that having for example ways to connect to the Bitcoin network via satellite is better than not having it and it certainly is useful to people in places like Iran, Egypt, Turkey etc. where the Internet access gets restricted by authorities at times of public upheaval...
Correct me if I'm wrong, but it could be pretty easy to bypass those website/app bans. Wallet software website/playstore banned? Download it through F-droid, or download the source code and compile it yourself. Exchanges banned? Go with Bisq. I think if a certain country goes really strict against Bitcoin, the community will create solutions(or at least suggestions) for them.
December 29, 2019, 10:05:10 PM
So, in this recent video Neil Woodfine is talking about how Bitcoin will withstand an attack on the Internet infrastructure we have learned to rely on for so much in our daily lives.
How realistic do you see the assumptions being made here? While I agree that having for example ways to connect to the Bitcoin network via satellite is better than not having it and it certainly is useful to people in places like Iran, Egypt, Turkey etc. where the Internet access gets restricted by authorities at times of public upheaval... - if one day some powerful nation/nation-like entity like the U.S., China (just see what happened around the recent NBA-related censorship... - pleasing Beijing matters these days if you want to keep the $$$ flowing) or even the EU decides to force the satellite providers to suspend those services to Bitcoin-related companies, this part of the infrastructure is likely also going to fall away.
Unless we start launching our own rogue satellites which might just be shot out of the sky by then...- not a "space expert" here though; so I hope somebody who dived deeper into the matter can possibly explain how relying on Satellites as backup helps us to make the network sufficiently antifragile when "the shit *really* hits the fan".
How realistic do you see the assumptions being made here? While I agree that having for example ways to connect to the Bitcoin network via satellite is better than not having it and it certainly is useful to people in places like Iran, Egypt, Turkey etc. where the Internet access gets restricted by authorities at times of public upheaval... - if one day some powerful nation/nation-like entity like the U.S., China (just see what happened around the recent NBA-related censorship... - pleasing Beijing matters these days if you want to keep the $$$ flowing) or even the EU decides to force the satellite providers to suspend those services to Bitcoin-related companies, this part of the infrastructure is likely also going to fall away.
Unless we start launching our own rogue satellites which might just be shot out of the sky by then...- not a "space expert" here though; so I hope somebody who dived deeper into the matter can possibly explain how relying on Satellites as backup helps us to make the network sufficiently antifragile when "the shit *really* hits the fan".
now with pic
December 29, 2019, 05:58:29 PM
So, in this recent video Neil Woodfine is talking about how Bitcoin will withstand an attack on the Internet infrastructure we have learned to rely on for so much in our daily lives.
https://i.imgur.com/30WUcdO.png
How realistic do you see the assumptions being made here? While I agree that having for example ways to connect to the Bitcoin network via satellite is better than not having it and it certainly is useful to people in places like Iran, Egypt, Turkey etc. where the Internet access gets restricted by authorities at times of public upheaval... - if one day some powerful nation/nation-like entity like the U.S., China (just see what happened around the recent NBA-related censorship... - pleasing Beijing matters these days if you want to keep the $$$ flowing) or even the EU decides to force the satellite providers to suspend those services to Bitcoin-related companies, this part of the infrastructure is likely also going to fall away.
Unless we start launching our own rogue satellites which might just be shot out of the sky by then...- not a "space expert" here though; so I hope somebody who dived deeper into the matter can possibly explain how relying on Satellites as backup helps us to make the network sufficiently antifragile when "the shit *really* hits the fan".
https://i.imgur.com/30WUcdO.png
How realistic do you see the assumptions being made here? While I agree that having for example ways to connect to the Bitcoin network via satellite is better than not having it and it certainly is useful to people in places like Iran, Egypt, Turkey etc. where the Internet access gets restricted by authorities at times of public upheaval... - if one day some powerful nation/nation-like entity like the U.S., China (just see what happened around the recent NBA-related censorship... - pleasing Beijing matters these days if you want to keep the $$$ flowing) or even the EU decides to force the satellite providers to suspend those services to Bitcoin-related companies, this part of the infrastructure is likely also going to fall away.
Unless we start launching our own rogue satellites which might just be shot out of the sky by then...- not a "space expert" here though; so I hope somebody who dived deeper into the matter can possibly explain how relying on Satellites as backup helps us to make the network sufficiently antifragile when "the shit *really* hits the fan".
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